Loughborough professor appointed to EBA board
An economics professor from the University of Loughborough has been selected as one of five British representatives on the Banking Stakeholder Group. Professor David Llewellyn joins the 35-member group, which is the regulatory body of the newly-created European Banking Authority (EBA).
Set up in January 2011, the EBA has an EU-wide remit for ensuring a "high and consistent standard" of bank regulation and supervision. Its Banking Stakeholder Group is tasked with monitoring and advising the authority in all aspects of its work and assessing the impact of its regulatory standards and guidelines.
The group comprises representatives of stakeholders from across the EU. These include banks, think tanks, trade unions and higher education.
Professor Llewellyn is one of six academics from across Europe included in the category of top ranking academics.
Prior to his appointment at the university's school of business and economics, Professor Llewellyn was a public interest director of the Personal Investment Authority, one of the predecessor agencies of the Financial Services Authority.
Professor Llewellyn said: "Given the recent banking crisis suffered right across the world – not least in countries such as Ireland, the UK and Greece – it’s an honour to be involved in such a pivotal EU regulatory body tasked with the major challenge of giving Europe the strong banking regulation it needs at this time."
